The Suffolk Capital Management LLC Buys New Position in Masonite International Corp. (DOOR)

The Suffolk Capital Management LLC Buys New Position in Masonite International Corp. (DOOR)

Suffolk Capital Management LLC bought a new stake in Masonite International Corp. (NYSE:DOOR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,277 shares of the company’s stock, valued at approximately $701,000.

Several other large investors have also made changes to their positions in DOOR. Public Employees Retirement System of Ohio boosted its position in Masonite International Corp. by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,536 shares of the company’s stock valued at $102,000 after buying an additional 47 shares in the last quarter. Pacad Investment Ltd. purchased a new position in Masonite International Corp. during the second quarter valued at about $106,000. BNP Paribas Arbitrage SA boosted its position in Masonite International Corp. by 113.8% in the third quarter. BNP Paribas Arbitrage SA now owns 2,516 shares of the company’s stock valued at $156,000 after buying an additional 1,339 shares in the last quarter. BlackRock Inc. boosted its position in Masonite International Corp. by 24.5% in the second quarter. BlackRock Inc. now owns 2,765 shares of the company’s stock valued at $183,000 after buying an additional 545 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its position in Masonite International Corp. by 5.0% in the third quarter. Independent Portfolio Consultants Inc. now owns 3,050 shares of the company’s stock valued at $190,000 after buying an additional 145 shares in the last quarter.

Masonite International Corp. (NYSE:DOOR) traded up 0.23% during mid-day trading on Thursday, hitting $65.65. 310,850 shares of the stock traded hands. Masonite International Corp. has a 12-month low of $45.14 and a 12-month high of $72.75. The firm has a market cap of $1.97 billion, a PE ratio of 29.18 and a beta of 1.18. The stock has a 50 day moving average price of $65.11 and a 200 day moving average price of $64.90.

Masonite International Corp. (NYSE:DOOR) last posted its earnings results on Tuesday, November 8th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.18. The firm earned $489.65 million during the quarter, compared to analyst estimates of $503.66 million. Masonite International Corp. had a net margin of 3.54% and a return on equity of 14.01%. Masonite International Corp.’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.53) EPS. On average, analysts expect that Masonite International Corp. will post $3.14 earnings per share for the current fiscal year.

Several research firms recently issued reports on DOOR. TheStreet raised shares of Masonite International Corp. from a “hold” rating to a “buy” rating in a report on Monday, December 5th. Zacks Investment Research raised shares of Masonite International Corp. from a “hold” rating to a “strong-buy” rating and set a $74.00 target price for the company in a report on Tuesday, January 10th. Macquarie reaffirmed an “outperform” rating and issued a $78.00 target price on shares of Masonite International Corp. in a report on Wednesday, December 21st. Stifel Nicolaus raised shares of Masonite International Corp. from a “hold” rating to a “buy” rating and increased their target price for the company from $62.00 to $72.00 in a report on Thursday, November 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $72.00 target price on shares of Masonite International Corp. in a report on Wednesday, October 19th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Masonite International Corp. presently has an average rating of “Buy” and an average price target of $76.88.

In related news, insider Russell Thane Tiejema purchased 3,500 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were bought at an average cost of $67.47 per share, for a total transaction of $236,145.00. Following the transaction, the insider now owns 16,960 shares of the company’s stock, valued at $1,144,291.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Edgar Lewis sold 600 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $63.37, for a total transaction of $38,022.00. Following the sale, the insider now owns 23,540 shares in the company, valued at $1,491,729.80. The disclosure for this sale can be found here. Insiders own 2.42% of the company’s stock.

About Masonite International Corp.

Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.

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